KONTAN.CO.ID. Singapore-listed Wilmar International posted a 71% increase in its third-quarter core net profit on Thursday, driven by stronger performance across its segments.

The company, one of the world's largest food producers, said core net profit rose to $357.2 million for the quarter ended September 30, from $208.1 million a year ago.

Higher sales in the tropical oils business lifted volumes in the feed and industrial products business by 3.2%, while steady palm oil prices bolstered the plantations segment.

Meriahkan Hari Pelanggan Nasional, Maybank Indonesia Perkuat Hubungan dengan Nasabah

Sales in the food products segment rose 6.5% year-on-year to 9.3 million tonnes.

Baca Juga: Federal Reserve Issues FOMC Statement October 29, 2025 (2:00 p.m. EST)​

"Improvement in food products segment results was largely aided by better performance in Chinaâ??s oil, flour and rice businesses," Wilmar said in a statement.

However, outside its core operations, Wilmar recorded a net loss of $347.7 million for the quarter, hit by a 11.88 trillion rupiah ($716.96 million) penalty after Indonesiaâ??s Supreme Court revoked the companyâ??s acquittal in a case involving misconduct in obtaining palm oil export permits in 2022.

Five of Wilmarâ??s units faced misconduct allegations over actions taken during the 2021 cooking oil shortage in Indonesia.

A court panel initially ruled in the companyâ??s favour in March, but the judgement was overturned after four judges were arrested for allegedly accepting bribes.

Baca Juga: Indonesia Investigates More Free Meal Poisoning Cases, after 700 Students Fall ill

Acknowledging the ruling, Wilmar projected a third-quarter net loss on September 26, while still expecting profitability for the full year ending December 31.

Wilmar did not issue a formal forecast for the remainder of the year but said it expects its business to remain resilient, barring any major geopolitical disruptions.

Shares of the company ended 0.6% lower.